VTM MEDIC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VTM MEDIC
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€46,209
up €46,209 (+32.0%), from €144,327 to €190,536
mainly Net result for the year (+€162,595) and Depreciation (+€8,788)
- Receivables within one year +€9,079
up €9,079 (+38.0%), from €23,886 to €32,965
of which Other amounts receivable: +€9,142
- Tangible fixed assets -€7,089
down €7,089 (-49.4%), from €14,364 to €7,275
- Reserves +€162,595
up €162,595 (+100%), from €161,983 to €324,577
- Other debts -€13,456
down €13,456 (-96.1%), from €14,000 to €544
- Gross operating margin +€95,753
up €95,753 (+65.2%), from €146,798 to €242,551
- Taxes +€32,514
up €32,514 (+84.0%), from €38,697 to €71,212
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,017 | €351,184 | +€151,168 | +75.6% |
| Fixed assets | 21/28 | €14,364 | €7,275 | -€7,089 | -49.4% |
| Tangible fixed assets | 22/27 | €14,364 | €7,275 | -€7,089 | -49.4% |
| Furniture and vehicles | 24 | €14,364 | €7,275 | -€7,089 | -49.4% |
| Current assets | 29/58 | €185,652 | €343,909 | +€158,257 | +85.2% |
| Amounts receivable within one year | 40/41 | €23,886 | €32,965 | +€9,079 | +38.0% |
| Trade receivables | 40 | €63 | - | -€63 | |
| Other amounts receivable | 41 | €23,823 | €32,965 | +€9,142 | +38.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €144,327 | €190,536 | +€46,209 | +32.0% |
| Deferred charges and accrued income | 490/1 | €17,440 | €20,409 | +€2,969 | +17.0% |
| Total equity and liabilities | 10/49 | €200,017 | €351,184 | +€151,168 | +75.6% |
| Equity | 10/15 | €161,984 | €324,578 | +€162,595 | +100% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €161,983 | €324,577 | +€162,595 | +100% |
| Distributable reserves | 133 | €161,983 | €324,577 | +€162,595 | +100% |
| Amounts payable | 17/49 | €38,033 | €26,606 | -€11,427 | -30.0% |
| Amounts payable within one year | 42/48 | €38,033 | €26,606 | -€11,427 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €8,462 | €8,513 | +€51 | +0.6% |
| Trade debts | 44 | €940 | €100 | -€840 | -89.4% |
| Suppliers | 440/4 | €940 | €100 | -€840 | -89.4% |
| Taxes, remuneration and social security | 45 | €14,632 | €17,449 | +€2,818 | +19.3% |
| Taxes | 450/3 | €13,950 | €16,259 | +€2,309 | +16.6% |
| Remuneration and social security | 454/9 | €681 | €1,190 | +€509 | +74.7% |
| Other amounts payable | 47/48 | €14,000 | €544 | -€13,456 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,252 | €8,788 | +€536 | +6.5% |
| Other operating charges | 640/8 | €118 | €49 | -€69 | -58.6% |
| Gross operating margin | 9900 | €146,798 | €242,551 | +€95,753 | +65.2% |
| Operating profit (loss) | 9901 | €138,429 | €233,714 | +€95,286 | +68.8% |
| Financial income | 75/76B | €912 | €1,667 | +€755 | +82.9% |
| Recurring financial income | 75 | €912 | €1,667 | +€755 | +82.9% |
| Financial charges | 65/66B | €1,138 | €1,575 | +€437 | +38.3% |
| Recurring financial charges | 65 | €1,138 | €1,575 | +€437 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €138,202 | €233,806 | +€95,604 | +69.2% |
| Income taxes | 67/77 | €38,697 | €71,212 | +€32,514 | +84.0% |
| Profit (loss) for the period | 9904 | €99,504 | €162,595 | +€63,090 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,504 | €162,595 | +€63,090 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.